A simulation model for life cycle project management

Abstract

This paper puts forward a simulation model specifically designed for holistic evaluation of project functionality within a life cycle project management framework. The authors describe a methodology for development of the aforementioned tool, referred to as a dynamic simulation modeling system (DSMS). The DSMS is geared toward modeling of service and manufacturing processes with hierarchical and modular modeling methodology; however, the underlying philosophy can be adopted for modeling any generic system. The enhanced modeling features and logical division of large systems into small process components and their internal linkage are the key contributions of this work. The aim of this develo..